Bitcoin: Not a clear long or short
Bitcoin seems to have made a huge whipsaw this morning (or evening, depending on your time zone). Anyways, Bitcoin seems to have broken the trend line, as shown in the chart, yet Bitcoin is still staying in the Fibonacci "Golden Pocket." If the Golden Pocket plays out again and Bitcoin rises back above 39500-40000, it's an obvious long, but if bulls fail to take over, expect a nosedive, possibly to 37500?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.